KBRA Assigns Preliminary Ratings to Verus Securitization Trust 2024-3 (VERUS 2024-3)

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to six classes of mortgage pass-through notes from Verus Securitization Trust 2024-3 (VERUS 2024-3), a $688.9 million non-prime RMBS transaction. The underlying collateral, comprising 1,346 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. Borrowers in the subject pool possess a non-zero WA original credit score of 735 and exhibit moderate equity in each